Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. Kristy Dunaway has biweekly gross earnings of $1,550. What are her total Social Security and Medicare tax withholdings (in $) for a whole year? Social Security$ Medicare$
Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax. Kristy Dunaway has biweekly gross earnings of $1,550. What are her total Social Security and Medicare tax withholdings (in $) for a whole year? Social Security$ Medicare$
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 3E
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Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax.
Kristy Dunaway has biweekly gross earnings of $1,550. What are her total Social Security and Medicare tax withholdings (in $) for a whole year?
Social Security$ Medicare$
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